Bitcoin Dips Below $78K as Spot ETFs Snap 9-Day Streak with $201.8M Outflow

US spot Bitcoin ETFs have snapped a nine-day streak of consecutive inflows, posting $201.8 million in net outflows on Friday. This sudden shift in institutional momentum coincided with Bitcoin slipping below the $78,000 threshold. The reversal was led primarily by outflows from the ARK 21Shares fund, dragging total spot ETF assets back under the $100 billion mark. For market participants, this break in the buying streak serves as a key indicator of near-term sentiment. The consecutive daily inflows had previously provided a reliable cushion for Bitcoin's price action, helping sustain its upward trajectory. However, the sudden pivot to net redemptions suggests that institutional appetite may be cooling or entering a consolidation phase as macroeconomic uncertainty or local profit-taking takes hold. The leading driver of Friday's negative flow was the ARK 21Shares Bitcoin ETF, which experienced the heaviest redemption volume among the US spot offerings. This concentration of outflows indicates that specific institutional cohorts may be adjusting their risk exposure more aggressively than others. With total assets under management for the entire spot ETF cohort falling back below the psychologically important $100 billion threshold, the market is watching closely to see if this is an isolated profit-taking event or the start of a broader distribution phase. Traders and analysts should monitor whether other major spot funds begin to mirror this outflow trend in the coming sessions. If outflows persist into the new trading week, it could pressure Bitcoin's price further, potentially establishing $78,000 as a formidable overhead resistance level. Conversely, if buyers step in to absorb the dip, the quick shakeout might clear the way for renewed consolidation. For now, the interruption of the nine-day inflow streak raises the probability of heightened volatility, prompting operators to watch liquidity levels and derivative funding rates for signs of a deeper market correction.